Japanese Yen can continue to decline and reach support area

Hello traders, I want share with you my opinion about Japanese Yen. Looking at the chart, we see how the price traded below the level 138.25 for a while, then broke through it, and continued to rise after retesting the current support level. Subsequently, the Japanese Yen reached the level 140.90, tested it and went down. After a small correction, the price of retesting the resistance level, bounced and began to fall. For a long time, the Japanese Yen created a downward channel and, after a fake breakout the support line of this channel, formed an upward impulse, broke through the resistance line and left it. Having approached the next line of resistance, the Japanese Yen changed direction and began to fall. Subsequently, the price dropped to the support area 139.15-138.95, from which it bounced and went up. After making a small downward correction, the Japanese Yen retested the support area and continued to grow. Not so long ago, the price tested the resistance line and began to decline. Currently, the Japanese Yen is trading below the resistance line and can continue to move down. I think the price can continue to fall and reach the support area, so I decided to set the targets at level 139.40 and in zone 139.15-138.95. Please share this idea with your friends and click Boost 🚀